Fintech firm Nukkleus has signed a term sheet to
acquire Mercury Global, a company in the international money transfer sector.
The deal entails Nukkleus acquiring Mercury Global’s entirety through a blend
of cash and its own common stock.
According to the press release, the initial payment
involves an equity issued at closing, followed by additional payouts tied to
achieving specific growth targets. Regulatory approval in the UK is the final
hurdle before the acquisition becomes official.
Nukkleus expects to gain a significant regulatory
edge in the UK thanks to Mercury Global’s established presence in the market.
Besides that, the company aims to benefit from Mercury Global’s access to South
Africa, a gateway to the SADC market.
Emil Assentato, the CEO of Nukkleus, mentioned:
“This acquisition is a testament to our commitment to enhancing our
cross-border payment capabilities. Mercury Global’s strong regulatory standing
in the UK, its strategic presence in South Africa as a gateway to the SADC
market, and its robust banking partnerships present an invaluable addition to
Nukkleus.”
Thanks @MSN for the kind words! https://t.co/8LK58KDrwQ
“As Nukkleus navigates through these transformative times, its strategic acquisitions and partnerships underscore a clear vision: to be at the forefront of the fintech revolution. The acquisition of Mercury Global marks a… pic.twitter.com/MLxKFzYw1W— Nukkleus Inc. (@NukkleusInc) February 14, 2024
Recently, Nukkleus disclosed a memorandum of
understanding with Jacobi Asset Management to increase its stake in Jacobi Asset Management to 20%. This move aims to strengthen Nukkleus’ position in the
regulated crypto market. According to the Nukkleus, this acquisition aligns
with its vision of transforming the global financial landscape through
innovative tools like blockchain and digital assets.
By securing a larger stake in Jacobi, the company
aims to access Europe’s only regulated Bitcoin spot ETF. The MOU outlines a 90-day negotiation period for
Nukkleus to acquire an additional 10% stake in Jacobi, with an option to buy
another 6% through One Hoxton Holding Ltd.
Fintech firm Nukkleus has signed a term sheet to
acquire Mercury Global, a company in the international money transfer sector.
The deal entails Nukkleus acquiring Mercury Global’s entirety through a blend
of cash and its own common stock.
According to the press release, the initial payment
involves an equity issued at closing, followed by additional payouts tied to
achieving specific growth targets. Regulatory approval in the UK is the final
hurdle before the acquisition becomes official.
Nukkleus expects to gain a significant regulatory
edge in the UK thanks to Mercury Global’s established presence in the market.
Besides that, the company aims to benefit from Mercury Global’s access to South
Africa, a gateway to the SADC market.
Emil Assentato, the CEO of Nukkleus, mentioned:
“This acquisition is a testament to our commitment to enhancing our
cross-border payment capabilities. Mercury Global’s strong regulatory standing
in the UK, its strategic presence in South Africa as a gateway to the SADC
market, and its robust banking partnerships present an invaluable addition to
Nukkleus.”
Thanks @MSN for the kind words! https://t.co/8LK58KDrwQ
“As Nukkleus navigates through these transformative times, its strategic acquisitions and partnerships underscore a clear vision: to be at the forefront of the fintech revolution. The acquisition of Mercury Global marks a… pic.twitter.com/MLxKFzYw1W— Nukkleus Inc. (@NukkleusInc) February 14, 2024
Recently, Nukkleus disclosed a memorandum of
understanding with Jacobi Asset Management to increase its stake in Jacobi Asset Management to 20%. This move aims to strengthen Nukkleus’ position in the
regulated crypto market. According to the Nukkleus, this acquisition aligns
with its vision of transforming the global financial landscape through
innovative tools like blockchain and digital assets.
By securing a larger stake in Jacobi, the company
aims to access Europe’s only regulated Bitcoin spot ETF. The MOU outlines a 90-day negotiation period for
Nukkleus to acquire an additional 10% stake in Jacobi, with an option to buy
another 6% through One Hoxton Holding Ltd.
